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Logistics Automation Market estimated to grow according to forecasts

The global logistics automation market size is projected to

Logistics Automation Market worth $51 2 billion by 2028 - Exclusive Report by MarketsandMarkets™

Logistics Automation Market worth $51 2 billion by 2028 - Exclusive Report by MarketsandMarkets

Logistics Automation Market projected to reach $88 9 billion by 2026, with a remarkable CAGR of 10 6%

Logistics Automation Market projected to reach $88.9 billion by 2026, with a remarkable CAGR of 10.6% iCrowd Newswire According to a new market research report Logistics Automation Market by Component, Function (Warehouse and Storage Management, Transportation Management), Organization Size (SMES, Large Enterprises), Vertical (3PL, Retail and Ecommerce, FMCG, Manufacturing), and Region - Global Forecast to 2026″, published by MarketsandMarkets, the market size is projected to grow from USD 48.4 billion in 2020 to USD 88.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period. The logistics automation market is gaining traction due digital transformation in the logistics industry, emergence of IoT, exponential growth in the eCommerce industry, advancements in robotics, and growing need to ensure workforce safety.

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